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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Saudi Arabia threatens to plunge the market with oil in response to Iran and Iraq more affected

    Rocky
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    • Post n°1

    Saudi Arabia threatens to plunge the market with oil in response to Iran and Iraq more affected Empty Saudi Arabia threatens to plunge the market with oil in response to Iran and Iraq more affected

    Post by Rocky Sun 06 Nov 2016, 2:42 am

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    Saudi Arabia threatens to plunge the market with oil in response to Iran and Iraq more affected

    Nur News / Baghdad 
    sources , OPEC said that the old differences between Saudi Arabia and rival Iran floated to the surface again at a meeting of OPEC experts last week in Riyadh said it may raise its oil production to force down prices if Tehran refused to impose restrictions on Marodha.
    "The Reuters news agency," in a news item carried by Check "light News" it said, "a meeting of experts of OPEC last week devoted to work on the details of the reductions will be discussed at a ministerial meeting of OPEC in November 30, but he saw a clash between the Saudis and the Iranians again according to four OPEC sources who attended the meeting and spoke to Reuters on condition of anonymity. "
    He said an OPEC source who attended the meeting told Reuters: "The Saudis had threatened to increase their production to 11 million barrels per day to 12 million barrels per day, will lower oil prices and threatened to withdraw from the meeting."
    She declined the leadership of OPEC to comment on the discussions that took place during the closed-door meetings last week, OPEC delegates rejected the Saudis and the Iranians to comment officially.
    He said a Gulf OPEC source said Saudi Arabia did not say that production will rise, but said it "may" rise following up "Saudi Arabia does not threaten the UK do not produce more than what customers need, and all the oil-producing countries may raise production if there is no agreement, this is the truth."
    Oil prices fell on Friday. Brent crude slipped 77 cents to $ 45.58 a barrel by 1649 GMT.
    It became a confrontation between the two forces Almatrtin OPEC, locked in proxy wars in Syria and Yemen, a recurring issue in recent years.
    But tensions eased recently after Saudi Arabia agreed on a deal to curb global oil supply, including increasing the likelihood that OPEC is taking steps to support crude prices.
    Observers said for "Light News" that if the conflict continued to bound Oba rose oil production rate from the state will result in a sharp drop in oil prices, which means attrition of the Iraqi economy, which is basically a run-down due to administrative corruption rampant in addition to the war being waged against al Daesh. "
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